San Antonio’s Economy

A lot is being said around the country regarding the state of the economy and the outlook for specific communities. The fact is that San Antonio has one of the most robust economies in the US. Our real estate unit sales are off 16% for the year-to-date and our dollar volume is off 17%. However, that compares to some communities being off by 50% or more. Homes were never un-affordable in San Antonio and historically our average priced home has sold for well under $200,000.00. Our ratio of sales to listings to sales has remained relatively stable for the past year. During the summer, we had approximatly 6 months supply of inventory on hand. That number has risen to approximaly eights months of supply, well under the twelve months supply we had duriong the 80’s .

During 2008, San Antonio added approximately 20,000 new jobs to our workforce and the city is on track to do that again in 2009, thanks largely to the US Government’s Military Base Reallignment and Closure Commission’s (BRAC) selection of San Antonio as the future home of US military’s Medical Service Corp.

San Antonio’ s Tourism business offers so many things to do, it’s hard to imagine taking a vacation anywhere else. For Example: